Blackstone Makes Investment in Mortgage Insurer PMI Group

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

Mortgage insurer PMI Group said Wednesday that Blackstone Group LP has made an investment of an undisclosed size in the company. The New York investment firm has agreed to provide PMI with a loan for working capital needs, in connection ...

Private-Equity Firms Explore Bids for Petco

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

Private-equity firms are examining a possible purchase of Petco Holdings Inc., the pet-store chain that filed to go public last month, according to people familiar with the matter. Petco, which is already owned by private-equity firms, is in the early ...

Singapore August Nikkei PMI at 50.8; Down From 51.3 in July

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

SINGAPORE--Business activity in Singapore expanded in August, though the pace of growth eased to its lowest in four months, according to a new survey. The Singapore Nikkei Whole Economy Purchasing Managers Index was at 50.8 in August, compared with 51.3 ...

IMF Says China Slowdown, Other Risks Threaten Global Outlook

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

WASHINGTON?China's slowdown and a host of other downside risks threaten to push the global economy into much deeper trouble without concerted action by the world's largest economies, the International Monetary Fund warned Wednesday. "Risks are tilted to the downside, and ...

Syngenta Moves to Calm Disappointed Shareholders

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

ZURICH?Syngenta AG on Thursday moved to appease shareholders angered by its rejection of a takeover from Monsanto Co., saying it will divest its global vegetables seeds business and return more than $2 billion to shareholders. The world's top seller of ...

Dollar Tad Higher Against Yen, Euro On Steady Stock Performance

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

By Hiroyuki Kachi TOKYO--The dollar was slightly higher against the yen and the euro Thursday in Asia trade, with steadier stock market performance giving a sense of safety to investors after recent China-induced market selloffs. At around 0530 GMT, the ...

Nucor Board Authorizes Stock Buyback, Adds Member

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

By Josh Beckerman Nucor Corp. said its board has authorized the repurchase of up to $900 million of stock from time to time. The steel-products company, which has a market capitalization of about $13.68 billion, also said Laurette T. Koellner ...

Brazil Leaves Benchmark Interest Rate Unchanged

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

BRASÍ LIA?Brazil's central bank left its benchmark interest rate unchanged on Wednesday at the highest level in nine years as the long battle with inflation continues with little relief in sight. The bank's monetary-policy committee left the benchmark Selic rate ...

Australia's Trade Deficit Narrows on Higher Exports

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

By Vera Sprothen SYDNEY--Australia's trade deficit narrowed to A$2.5 billion in July from a revised June deficit of A$3.1 billion, the government statistician said Thursday. The value of exports rose by 2% from June, while the figure for imports was ...

Markets to Eye ECB Forecasts

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

By Todd Buell Every quarter market observers watch the European Central Bank's regular press conference with an even closer eye than usual. In addition to the qualitative comments that ECB head Mario Draghi regularly makes, four times a year he ...

Mexico to Rely on Financial Tools to Boost Investment

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

By Juan Montes MEXICO CITY--Days before Mexico's government unveils the most austere budget in years because to falling oil prices, President Enrique Peña Nieto has decided to rely on new financial tools to boost investment in such key sectors as ...

Nucor Board Authorizes Stock Buyback

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

Nucor Corp. said its board has authorized the repurchase of up to $900 million of stock from time to time. The steel-products company, which has a market capitalization of about $13.68 billion, also said Laurette T. Koellner has joined its ...

India's August Services Activity Is Strongest in Four Months - Markit

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

By Anant Vijay Kala NEW DELHI--A gauge of India's services-sector activity rose to its highest level in four months in August, but firms were still reluctant to increase hiring, reflecting an uncertain economic environment, a survey shows. The seasonally adjusted ...

Thai Consumer Confidence Falls to 15-Month Low in August

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's consumer sentiment continued to weaken in August, falling to a 15-month low after a series of negative domestic developments shook confidence, the latest survey showed. The University of Thai Chamber of Commerce's monthly report released Thursday ...

BOJ's Kiuchi Maintains Skepticism on Inflation Target

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

TOKYO?Bank of Japan Governor Haruhiko Kuroda's toughest critic on the policy board said Thursday that the central bank will likely fail to achieve stable 2% inflation next year or even in the following year. Speaking in Maebashi, north of Tokyo, ...

Brazil Leaves Benchmark Interest Rate Unchanged at 14.25%

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

By Paulo Trevisani BRASÍLIA--Brazil's central bank left its benchmark interest rate unchanged on Wednesday at the highest level in nine years as the long battle with inflation continues with little relief in sight. The bank's monetary-policy committee left the benchmark ...

Lannett to Acquire UCB's Kremers Urban Unit

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

Lannett Co. Inc. has agreed to buy UCB SA's Kremers Urban Pharmaceuticals Inc. for $1.23 billion. The deal, expected to close in the fourth quarter, also calls for potential contingency payments under sales and timing thresholds. Lannett, which said it ...

Australian Retail Sales Fall Unexpectedly

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

By Vera Sprothen SYDNEY--Australian retail sales fell unexpectedly in July, in the latest sign that the economy may be deteriorating faster than many economists had assumed. Retail sales fell by 0.1% from a month earlier, the Australian Bureau of Statistics ...

IMF Says China Slowdown, Other Risks Threaten Global Outlook

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

By Ian Talley WASHINGTON--China's slowdown and a host of other downside risks threaten to push the global economy into much deeper trouble without concerted action by the world's largest economies, the International Monetary Fund warned Wednesday. "Risks are tilted to ...

Oil Prices Rangebound, U.S. Jobs Data in Focus

TODAY: Sept. 3, 2015 PUB DATE: Sept. 3, 2015

By Eric Yep Crude-oil futures were rangebound in Asian trade Thursday with Chinese markets closed for the remainder of the week and after global market sentiment stabilized in the previous session. There was some downward pressure on oil prices from ...